The $14.4 billion Arkansas Teacher Retirement System has committed $50 million to IFM Global Infrastructure Fund, according to executive director George Hopkins.
IFM Global Infrastructure Fund is an open-ended infrastructure fund managed by IFM Investors that launched in January 2010. The fund targets core-like infrastructure assets globally, though it specifically focuses on developed markets around the world such as Australia, Europe and the United States.
The fund has previously received commitments from the $15.4 billion Illinois State Board of Investment and the $12.3 billion School Employees Retirement System of Ohio.
Arkansas has a target allocation to real assets of 15 percent, with an actual allocation of 12.1 percent.